Active

$2,650,000

226 Union St #1-11, Jonesboro, AR 72401

--beds

--baths

8,000sqft

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Apartment

Built in 2015

-- sqft lot

$2,384,300 Zestimate^®

$331/sqft

$-- HOA

What's special

Secure gated accessGated parking spacesLoft-style residential unitsUnique loft living experienceFire sprinkler systemTankless water heaters

Exceptional multi-family investment opportunity located in the Downtown Jonesboro Entertainment District. This fully occupied property features 11 loft-style residential units and 8 gated parking spaces, generating over $200,000 in gross annual income with potential for increased revenue. The property offers a unique loft living experience within the historic Massinelli's Dry Cleaning Building, combining character with modern amenities. Features include secure gated access, fire sprinkler system, tankless water heaters, and a rooftop patio for tenant only use. Situated in a strong rental market (approximately 52% renter-occupied), this asset provides immediate cash flow and long-term investment stability. One of the few downtown properties offering both loft-style units and dedicated gated parking. Nine 2 bed, 2 bath and Two 1 bed, 1 bath. Perfect for a 1031 Exchange. Financials and additional property details available upon request.

106 days

73

4

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Facts & features

Interior

Heating

Electric

Cooling

Electric

Appliances

Included: Free-Standing Range, Microwave, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Gas Water Heater

Features

Pantry
Flooring: Vinyl, Luxury Vinyl

Interior area

Total structure area: 8,000
Total interior livable area: 8,000 sqft

Property

Parking

Parking features: Carport, Garage Door Opener
Has carport: Yes

Features

Levels: Two
Fencing: Full

Lot

Size: 9,583 Square Feet
Features: Other

Details

Parcel number: 0114418350200
Zoning: Multi Use

Construction

Type & style

Home type: MultiFamily
Architectural style: Other (see remarks)
Property subtype: Apartment

Materials

Brick
Foundation: Slab
Roof: Flat

Condition

New construction: No
Year built: 2015

Utilities & green energy

Electric: Electric-Municipal
Gas: Gas-Natural
Utilities for property: Natural Gas Connected, Cable Connected

Community & HOA

Community

Security: Smoke Detector(s), Security
Subdivision: City of Jonesboro

Location

Region: Jonesboro

Financial & listing details

Price per square foot: $331/sqft
Annual tax amount: $5,670
Date on market: 4/1/2026
Tenant pays: Electricity
Road surface type: Paved

Estimated market value

$2,384,300

$2.27M - $2.50M

$1,269/mo

Price history

Date	Event	Price
5/15/2025	Price change	$2,650,000-5.4%$331/sqft
Source: Northeast Arkansas BOR #10121023 Report a problem
4/5/2025	Listed for sale	$2,800,000$350/sqft
Source: Northeast Arkansas BOR #10121023 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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